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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
A measure of the state of farm country dropped for the second month in a row, “effectively wiping out the improvement in sentiment that took place following the 2016 election.”
A measurement of producer optimism set a record in February, eclipsing the old record set only one month earlier, but a survey to determine that measurement occurred before some key events last month.
After a major decline in August, the Ag Economy Barometer declined again in September as producers “were noticeably more pessimistic about current conditions on their farms and in the U.S. economy.”
For the second month in a row, agricultural producer sentiment experienced a big decline, erasing all gains recorded following the November 2016 election and indicating weaker expectations for the future.